NEWS
KraussMaffei cuts jobs; continues investments
KraussMaffei is to cut around 550 jobs from its global operations. Most of the cuts will fall in Germany, which will see 330 posts go this year and a further 100 by 2022. The company said that the cuts were necessary “to maintain and strengthen its competitiveness in an environment that is challenging for all market participants.” It said it hoped to avoid compulsory
redundancies and would explore options such as part-time working. The move comes as
KraussMaffei embarks on the largest investment in its history, with a “three-digit million Euro amount” earmarked for new production facilities at Munich-Parsdorf, Hanover- Laatzen and Einbeck in Germany. “This will enable KraussMaffei to expand its global position and
strengthen Germany as a business location,” the company said. Headquartered in Munich in Germany, KraussMaffei was acquired by ChemChi- na in 2016 and launched on the Shanghai stock ex- change in January last year. It manufactures injection moulding, extrusion and PU processing machinery and generated sales of around €1.5bn in 2018. �
www.kraussmaffei.com
DSM invests in US compounds
REACH breaches flagged
The number of incidences of REACH non-compliant chemicals found in consumer products in the EU grew by 24% in 2019 to 1,468, with more than 92% from outside the EU and EEA countries, according to analysis of RAPEX safety alert data by European chemical trade body Cefic. Around 25% of inci- dences involved phtha- lates, mostly in toys, Cefic said. Other key chemical incidences involved boron, lead and cadmium. While most of the
increase can be attributed to better enforcement of the RoHS Directive, Cefic said it confirms the urgent need for EU member states to step up enforce- ment of REACH in imported goods. “It is also important to
DSM is to expand capacity at its high-performance materials compounding site at Evansville in Indiana, US. The company said the investment, which will be completed in Q3 2021, will prepare the site to produce advanced thermoplastic compounds, including
bio-based types, for EVs, metal replacement and lightweight applications. “As demand from our customers for sustainable sources of advanced materials grows, so does our need to invest”, said Jud Gibson, Vice President Commercial Americas at
DSM Engineering Plastics. “The expansion of our North American operations helps to ensure we have the right tools to meet this need today and in the future.” DSM has identified North America as a key growth market for its business. �
www.dsmep.com
ensure that restrictions under REACH are actually enforceable. We call for compliance tools and methodologies to accom- pany every restriction measure,” said Cefic Executive Director of Product Stewardship Sylvie Lemoine. �
www.cefic.org
Wacker to reduce headcount by 1,000
Wacker Chemie is to reduce its headcount by 1,000 by the end of 2022 as part of a “Shape the Future” efficiency programme aimed at reducing its annual costs by €250m. It employs around 14,555 globally. The company said 80% of the job
10 COMPOUNDING WORLD | March 2020
losses will fall in Germany, where it currently employs some 10,000 people. It said it hoped to avoid compulsory layoffs. “We are preparing for a harsher competitive environment – both in our polysilicon business and at our
chemical divisions,” said CEO Rudolf Staudigl. “Our aim is not only to achieve significant cost-savings but also to decisively strengthen Wacker for tomorrow’s challenges and secure a long-term competitive edge.” �
www.wacker.com
www.compoundingworld.com
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